ACTIVE

DECNEUT

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Financial year 2025 · closed on 31/12/2025

Net result

172,5 k €

-4.0% YoY

Gross margin

865,4 k €

-1.7% YoY

Equity

878,7 k €

+24.4% YoY

Workforce

11,0 ETP

0.0% YoY

What does DECNEUT do?

DECNEUT is a Public limited company incorporated in 1989. Its registered office is in Tournai. It employs on average 11,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.198.607

Incorporation

05/01/1989

Legal form

Public limited company

Registered office

Avenue d'Audenarde(K) 250B
7540 Tournai · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

11,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	865,4 k €	-1.7%	880,3 k €	+5.0%	838,6 k €	-9.6%	927,6 k €	+23.6%	750,8 k €	+18.0%	636,5 k €	-7.9%	690,9 k €	+5.6%	654,5 k €	+30.9%	499,8 k €	-9.6%	553 k €	-8.0%	601,1 k €	-11.7%	680,5 k €	-13.8%	789,6 k €	-6.5%	844,3 k €	-16.7%	1 M €	+19.2%	851 k €	-8.8%	933,2 k €	+23.4%	756 k €
EBITDA	219,9 k €	-4.6%	230,6 k €	-11.6%	260,7 k €	-30.6%	375,5 k €	+43.9%	261 k €	+37.4%	189,9 k €	-11.9%	215,6 k €	-9.9%	239,1 k €	+171%	88,2 k €	-47.1%	166,9 k €	+89.1%	88,2 k €	-30.8%	127,4 k €	-37.9%	205,3 k €	-18.8%	252,8 k €	-33.0%	377 k €	+39.8%	269,7 k €	-33.8%	407,5 k €	+51.3%	269,4 k €
Operating result	200,2 k €	-5.3%	211,4 k €	-14.1%	246 k €	-32.1%	362,5 k €	+42.7%	254 k €	+47.1%	172,6 k €	+0.9%	171 k €	-16.9%	205,8 k €	+262%	56,9 k €	-57.5%	134 k €	+198%	45 k €	-43.0%	79 k €	-42.1%	136,5 k €	-19.3%	169,2 k €	-41.5%	289,1 k €	+52.2%	189,9 k €	-47.2%	360 k €	+61.9%	222,5 k €
Net result	172,5 k €	-4.0%	179,6 k €	-10.7%	201,2 k €	-30.4%	289 k €	+43.3%	201,7 k €	+40.5%	143,5 k €	+8.0%	132,9 k €	-13.6%	153,8 k €	+251%	43,8 k €	-56.9%	101,7 k €	+137%	43 k €	-40.9%	72,8 k €	-35.0%	112,1 k €	-32.9%	167,1 k €	-31.9%	245,3 k €	+70.1%	144,2 k €	-44.4%	259,2 k €	+60.4%	161,6 k €
Balance sheet
Equity	878,7 k €	+24.4%	706,2 k €	-9.1%	776,6 k €	+10.1%	705,4 k €	+69.4%	416,4 k €	+32.3%	314,7 k €	+30.5%	241,1 k €	+123%	108,2 k €	+4.7%	103,3 k €	-5.2%	109 k €	-44.0%	194,5 k €	-32.6%	288,5 k €	-30.6%	415,7 k €	+5.6%	393,6 k €	-3.2%	406,6 k €	-34.4%	619,9 k €	+30.3%	475,8 k €	-4.2%	496,5 k €
Total assets	1,2 M €	-16.2%	1,5 M €	+5.5%	1,4 M €	+14.1%	1,2 M €	+1.5%	1,2 M €	+38.1%	883,5 k €	+59.3%	554,7 k €	-13.1%	638,2 k €	+24.8%	511,5 k €	-18.2%	625,5 k €	-23.8%	821,4 k €	-12.4%	937,4 k €	-5.0%	986,3 k €	-20.7%	1,2 M €	-34.6%	1,9 M €	+15.4%	1,6 M €	+9.2%	1,5 M €	+30.4%	1,2 M €
Cash	36,2 k €	-76.3%	152,8 k €	-48.3%	295,4 k €	-24.9%	393,3 k €	+60.7%	244,7 k €	+73.2%	141,3 k €	+6.9%	132,2 k €	+55.6%	84,9 k €	+108%	40,8 k €	-19.3%	50,6 k €	-49.5%	100,2 k €	+8.4%	92,5 k €	-35.4%	143,2 k €	+42.2%	100,6 k €	-77.1%	438,9 k €	+195%	148,8 k €	-40.6%	250,6 k €	+77.6%	141,1 k €
Debts	370,6 k €	-52.8%	784,6 k €	+23.4%	636,1 k €	+19.5%	532,2 k €	-33.8%	803,5 k €	+43.5%	559,8 k €	+83.8%	304,6 k €	-42.5%	530 k €	+29.9%	408,2 k €	-21.0%	516,5 k €	-17.6%	626,8 k €	-3.4%	648,9 k €	+14.9%	564,5 k €	-33.6%	849,9 k €	-43.1%	1,5 M €	+45.5%	1 M €	+2.9%	997,8 k €	+58.3%	630,3 k €
Other
Workforce	11,0 ETP	0.0%	11,0 ETP	-0.9%	11,1 ETP	+2.8%	10,8 ETP	+25.6%	8,6 ETP	0.0%	8,6 ETP	-4.4%	9,0 ETP	-10.0%	10,0 ETP	+25.0%	8,0 ETP	-20.0%	10,0 ETP	+11.1%	9,0 ETP	-21.7%	11,5 ETP	-2.5%	11,8 ETP	-7.8%	12,8 ETP	-7.2%	13,8 ETP	+9.5%	12,6 ETP	+6.8%	11,8 ETP	-4.1%	12,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

ATHENA JF

Director · until 06 avril 2029 · 0671.442.710

Represented by Jean-François Decneut

Active

Ended mandates

Gregory Morlighem

Managing director · since 05 avril 2019 · until 25 mars 2022

Ended

Grégory Morlighem

Managing director · since 05 avril 2019 · until 04 avril 2025

Ended

ATHENA JF

Director · since 14 décembre 2017 · until 06 avril 2029 · 0671.442.710

Ended

ATHENA JF

Managing director · since 14 décembre 2017 · until 07 avril 2023 · 0671.442.710

Represented by Jean-François Decneut

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOCIATION DES COPROPRIETAIRES DE L'IMMEUBLE SIS A TOURNAI ex KAIN, AVENUE D'AUDENARDE, 250/B● Active	0878.358.259
AUDAMAX GROUP● Active	1035.197.064

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/04/2026	07/04/2025	21/06/2024	16/08/2023	09/05/2022	01/08/2021
General meeting	03/04/2026	04/04/2025	28/03/2024	07/04/2023	16/03/2022	02/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	03/04/2026	08/04/2026	French	PDF
Abridged model	31/12/2024	04/04/2025	07/04/2025	French	PDF
Abridged model	31/12/2023	28/03/2024	21/06/2024	French	PDF
Abridged model	31/12/2022	07/04/2023	16/08/2023	French	PDF
Abridged model	31/12/2021	16/03/2022	09/05/2022	French	PDF
Abridged model	31/12/2020	02/04/2021	01/08/2021	French	PDF
Abridged model	31/12/2019	07/05/2020	08/07/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	27/05/2019	French	PDF
Abridged model	31/12/2017	09/05/2018	21/05/2018	French	PDF
Abridged model	31/12/2016	11/04/2017	29/05/2017	French	PDF
Abridged model	31/12/2015	22/02/2016	01/03/2016	French	PDF
Abridged model	31/12/2014	15/04/2015	09/06/2015	French	PDF
Abridged model	31/12/2013	28/03/2014	03/04/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	16/05/2013	French	PDF
Abridged model	31/12/2011	06/04/2012	10/04/2012	French	PDF
Abridged model	31/12/2010	18/04/2011	18/04/2011	French	PDF
Abridged model	31/12/2009	26/05/2010	28/05/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	14/05/2009	French	PDF
Abridged model	31/12/2007	03/04/2008	14/04/2008	French	PDF
Abridged model	31/12/2006	09/05/2007	15/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

ATHENA JF

Director · until 06 avril 2029 · 0671.442.710

Represented by Jean-François Decneut

Active

Ended mandates

Gregory Morlighem

Managing director · since 05 avril 2019 · until 25 mars 2022

Ended

Grégory Morlighem

Managing director · since 05 avril 2019 · until 04 avril 2025

Ended

ATHENA JF

Director · since 14 décembre 2017 · until 06 avril 2029 · 0671.442.710

Ended

ATHENA JF

Managing director · since 14 décembre 2017 · until 07 avril 2023 · 0671.442.710

Represented by Jean-François Decneut

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET
PDF
Mandates11/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/03/2017
DEMISSIONS, NOMINATIONS
PDF
Restructuring15/01/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/11/2013
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates13/03/2013
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025172,5 k €↓
2024
Annual accounts 2024179,6 k €↓
2023
Annual accounts 2023201,2 k €↓
2022
Annual accounts 2022289 k €↑
2022
Name changeDECNEUT
2021
Annual accounts 2021201,7 k €↑
2021
Name changeCUISINES ET MENUISERIES MORLIGHEM
2020
Annual accounts 2020143,5 k €↑
2019
Annual accounts 2019132,9 k €↓
2018
Annual accounts 2018153,8 k €↑
2017
Annual accounts 201743,8 k €↓
2016
Annual accounts 2016101,7 k €↑
2015
Annual accounts 201543 k €↓
2014
Annual accounts 201472,8 k €↓
2013
Annual accounts 2013112,1 k €↓
2012
Annual accounts 2012167,1 k €↓
2011
Annual accounts 2011245,3 k €↑
2010
Annual accounts 2010144,2 k €↓
2009
Annual accounts 2009259,2 k €↑
2008
Annual accounts 2008161,6 k €
05/01/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DECNEUT

Overview

What does DECNEUT do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline